If nifty holds above 20700 plan buy side. If nifty comes down & see rejection at 20650 plan buy side. If nifty breaks 20500 levels can be selling pressure. Tomorrow might be 150 pts gap up or 150pts gap down.
Banknifty analysis for 5th December 2023 for educational purpose This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI...
Nifty analysis for 5th December 2023 for educational purpose This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered...
A Classical Case of Leading Diagonal:- Let me continue from where I stopped the previous analysis:- The leading diagonal in the Elliott Wave is a sort of impulsive pattern, but it differs in shape and internal structure. However, the leading diagonal occurs in waves 1 or A, & it comes in the form of a contracting or expanding diagonal. Leading diagonal is...
Now that, low of 1st December has been broken recovery will come only when candle of 1st December is engulfed. Candles to be watched are as under: 12-4-23 8:11 AM 12-4-23 12:37 PM 12-4-23 5:03 PM Out of these, 12-4-23 5:03 PM candle is most important and going to decide future course of action. Disclaimer: I am not a Registered Analyst with any...
State Assembly Election (semifinal before 2024 Centre Election) result are out and give clear sign of Stabality for Gov lead by BJP. Bullsh sentiment intact, any decline will be oppurtunity to create good portfolio for longer term.
1. In my previous ideas on the stock, I recommended buy on the stock at 1480 with a target of 1509-21 and the 1560. So, in all 80 points in all for the month of November have been achieved. 2. What next: I could have drawn a harmonic pattern on 30 minutes chart and presented the analysis but, drawn some horizontal and trend lines for every one of us to...
It's only for intraday not for short term or long term. Green Candles - Higher High, Higher Low Red Candles - Lower High, Lower low According to Renko chart, BankNifty is bullish. But on intraday chart it started making lower high and lower low. If BankNifty close below 44760 then my 1st target for short will be 44457 and 2nd target will be 44285. 44945 is...
#MANINFRA CMP :₹. 201.40/- DATE : 02/12/2023 Company engaged in civil construction business in India. A low debt company with zero promoter pledge and improving financials. Sales and operating profit are increasing YoY .Eventhough debtor days have increased from previous year Cash conversion cycle and working capital days improved remarkably. Net casflow is...
NSE:INDHOTEL Indian hotels Ltd. Swing Entry close above- 330.5 1. Price took support at the daily trend line, and bounced. 2. Fib retracement level of 50% 3. A close above 330.5 will trigger a bullish continuation as the price has formed a rectangle range, forming a base for a major move. Next resistance is around 348 if it breaks then 387 And followed...
NSE:MPHASIS Mphasis Ltd. engages in the provision of application development and maintenance services, infrastructure outsourcing, and business and knowledge process outsourcing solutions. It operates through the following segments: Banking and Financial Services, Logistics and Transformation, Technology Media and Telecom, Insurance, and Others. Trendline...
Last time candle in the evening (UTC+5:30) as notified by me was 12-1-23 6:08 PM but it was broken now next important candle is 12-1-23 10:34 PM. Also, we are near 1.618 Level of previous swing. Noting to worry, price will pull back from here. You can also see that price is just above 200 SMA. William's R% is also oversold. Please note that today being first...
Nifty today high 20291 Rejection from 20286 Monday market might give gap up 20350 levels If nifty holds 20280 levels look for buy side If nifty break 20222 levels selling chance is there upto 20000 to 19950 levels 20000 to 19950 buying area 19850 strong support
Buy @ 5800 SL 4650 Target 1 - 7000 Target 2 - 8000 target 3 - 9100++
Sector: Information Technology/ Industry: BPO/ITes Market Cap: 7,395.02/- Cr. / Category: Small Cap Current Price: 500.05/- Target Price: 682, 733, 938/- Stop loss: 338 Ticker: NSE: Quess Recommendation: BUY (Buy Around 400 – 389) Date: 29/11/2023 Elliott Wave Theory Outlook – Quess Corp ltd, Buying the Dips around 400 – 389 zone. Hello traders. In this...
1. US Oil has greatest support at 74.99 marked by a white horizontal line. 2. Resistance at 78.05. 3. It will not break the resistance till 4th December 2023 at least. 4. For today this candle is pivotal 12-1-23 6:08 PM 5. This candle 12-4-23 5:03 PM is pivotal. 6. Price swing levels have been provided on the chart itself. Disclaimer: I am not a...
Ultracemco on weekly timeframe (although weekly closing is pending) is forming a rising wedge pattern and suggest that longs here need to be very cautious or start booking/trailing the profits. Rising wedge pattern can be both a bearish continuation and bearish reversal pattern, when it is accompanied by declining volume it is a deadly combination and a clear...
#CANBK CMP : ₹.403/- Date 30-11-23 The third largest PSU bank among public sector banks with good quarterly results. Revenue & profits are increasing on QoQ basis with decent margin. Now it's in a breakout point . A6 year long round bottom have been completed and waiting for an explosion along with the breakout from triangular channel of 2 years old. Good point...